Wells Fargo & Company MN Has $83.07 Million Stake in Copart, Inc. (CPRT)
Wells Fargo & Company MN lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 182.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,612,988 shares of the business services provider’s stock after purchasing an additional 1,686,495 shares during the quarter. Wells Fargo & Company MN owned 1.13% of Copart worth $83,066,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank grew its stake in shares of Copart by 12.7% during the 1st quarter. Comerica Bank now owns 86,533 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 9,735 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Copart during the 1st quarter worth approximately $254,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Copart during the 1st quarter worth approximately $1,294,000. State Street Corp grew its stake in shares of Copart by 4.7% during the 1st quarter. State Street Corp now owns 2,710,207 shares of the business services provider’s stock worth $167,843,000 after purchasing an additional 120,457 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Copart by 106.5% during the 2nd quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock worth $235,810,000 after purchasing an additional 3,826,242 shares during the period. 79.78% of the stock is currently owned by institutional investors and hedge funds.
CPRT has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Copart in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Copart currently has a consensus rating of “Hold” and a consensus price target of $47.75.
Shares of Copart, Inc. (CPRT) opened at 32.80 on Thursday. The firm has a market cap of $7.55 billion, a PE ratio of 18.93 and a beta of 1.19. The company has a 50-day moving average of $31.81 and a 200-day moving average of $37.81. Copart, Inc. has a 1-year low of $24.71 and a 1-year high of $33.10.
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Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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